SWAPY – Using Blockchain to Enable Easy Access to Credit and

Published on: Mar 12, 2018 - 2:36 PM

Source: Bitcoinist

The biggest problem affecting low-income earners in developing countries from achieving a better quality of life is inaccessibility to credit. In fact, one of the main goals of the United Nations is inclusive and sustainable economic growth that can only be achieved if low-income earners (for emerging economies) with limited access to credit and loans are given financial inclusivity through decentralization of credit facilities that are currently dominated by the big banks. In Brazil, for instance, credit is not only expensive for the larger majority but remains out of reach with a mind-boggl …